Blog Posts - Frontier Markets



An Apples-to-Apples Comparison of African Sovereign Debt

I’ve been meaning to do this for months now, and the FT’s Jonathan Wheatley has just done it for me. Herewith, a side-by-side comparison of 10-year African sovereign debt issues from the past 15 months: Country Issue Date Tenor Size Yiel...
by Diverging Markets on Dec 17, 2013

An Apples-to-Apples Comparison of African Sovereign Debt

I’ve been meaning to do this for months now, and the FT’s Jonathan Wheatley has just done it for me. Herewith, a side-by-side comparison of 10-year African sovereign debt issues from the past 15 months: Country Issue Date Tenor Size Yiel...
by Diverging Markets on Dec 17, 2013

The ongoing challenge of assessing Frontier Markets political risk

I’m generalizing it, but frontier markets political risk is my main takeaway after reading through Clear Path Analysis’ just-released Investing in Frontier Markets 2013. And if that doesn’t get you excited, don’t let that deter you from looki...
by Diverging Markets on Dec 11, 2013

The ongoing challenge of assessing Frontier Markets political risk

I’m generalizing it, but frontier markets political risk is my main takeaway after reading through Clear Path Analysis’ just-released Investing in Frontier Markets 2013. And if that doesn’t get you excited, don’t let that deter you from looki...
by Diverging Markets on Dec 11, 2013

TCX Chooses Diligence on Myanmar

The folks from Netherlands-based TCX (The Currency Exchange Fund) have just passed me the following video, which encapsulates a two-day conference they hosted last month in Myanmar. So far all I’ve only watched the introductory four-minute video an...
by Diverging Markets on Dec 10, 2013

TCX Chooses Diligence on Myanmar

The folks from Netherlands-based TCX (The Currency Exchange Fund) have just passed me the following video, which encapsulates a two-day conference they hosted last month in Myanmar. So far all I’ve only watched the introductory four-minute video an...
by Diverging Markets on Dec 10, 2013

Frontier Markets Opportunities and Risks, Bloomberg Edition

As part of last month’s Bloomberg Dealmakers Summit in London, the following roundtable took place, featuring Timur Issatayev of Verny Capital, Parag Saxena of New Silk Route LLC and Danladi Verheijen of Verod Capital Management. It’s 22 minutes...
by Diverging Markets on Nov 18, 2013

Frontier Markets Opportunities and Risks, Bloomberg Edition

As part of last month’s Bloomberg Dealmakers Summit in London, the following roundtable took place, featuring Timur Issatayev of Verny Capital, Parag Saxena of New Silk Route LLC and Danladi Verheijen of Verod Capital Management. It’s 22 minutes...
by Diverging Markets on Nov 18, 2013

Chart of the Day: The World as 100 People

From Jack Hagley:   Related PostsCharts of the Day: The Future Of Emerging And Frontier MarketsChart of the day: Fastest growing and shrinking economies of 2013Map Of The Day: Emerging and Frontier Markets Dominate Global Reserves of Key Commodi...
by Diverging Markets on Jun 5, 2013

Chart of the Day: The World as 100 People

From Jack Hagley:   Related PostsCharts of the Day: The Future Of Emerging And Frontier MarketsChart of the day: Fastest growing and shrinking economies of 2013Map Of The Day: Emerging and Frontier Markets Dominate Global Reserves of Key Commodi...
by Diverging Markets on Jun 5, 2013

Charts Of The Day: Economic Potential In MENA

The most recent Milken Global Conference in Los Angeles featured a panel entitled, “Two, Three, Many Middle Easts: A Region’s Economic Prospects”, whose commentary is really only for the hard core MENA geeks, but I thought these cha...
by Diverging Markets on May 8, 2013

Chart of the Day: Economic Growth vs Well-Being in Africa

I haven’t read the report yet and I’m not even sure I buy the premise, but this chart format is interesting, isn’t it? Sourced from the Economist, on a recent Boston Consulting Group study entitled, “Strategies for Improving W...
by Diverging Markets on May 7, 2013

Chart of the Day: Frontier Markets Correlations, Round 2

S&P Capital IQ slipped this press release out last week, which I’m glad I followed up on since it led me to the following correlation chart: Equally important, this comment which came alongside it: From an asset allocation perspective, one R...
by Diverging Markets on Apr 21, 2013

Charts of the Day: The Future Of Emerging And Frontier Markets

Thanks to Ernst & Young, I’ve got my retirement destination all picked out: Turkey. Because, you see, in 2040, when I’m 67 years old, forget the BRICs or Mexico or Dubai or South-South anything; Turkey’s gonna be an export boomt...
by Diverging Markets on Apr 19, 2013

Making Sense Of Angola Stock Exchange Plans

Bloomberg had a story out late last week about plans for an Angola Stock Exchange, entitled, “Angola Plans 6th-Biggest Africa Bourse With Value at 10% of GDP”. Since we (and by we, I mean you and me, in an apparently … Continue reading U...
by Diverging Markets on Apr 17, 2013

What Central Bank FX Reserves Really Tell Us

The New York Fed has just published what is absolutely mandatory reading for anyone with a stake in the foreign exchange market. It’s a 10-page pdf entitled, “Do Industrialized Countries Hold the Right Foreign Exchange Reserves?” and is one of...
by Diverging Markets on Apr 4, 2013

Chart of the Day: Sub-Saharan Africa’s Mobile Phone Market

Lots of room to run here. What this doesn’t give us a clear view of though is undersubscription relative to absolute market size. Nigeria would obviously be the winner on that front. Related PostsWhat Higher Oil Prices Mean for Sub-Saharan R...
by Diverging Markets on Mar 21, 2013

How Oil Divides The Economies Of Africa Into Winners And Losers

I can’t get this article from the FT’s William Wallis out of my head. The headline is “Currencies pressed by trade imbalances” but this really only captures a small slice of the picture. Check it out: With import demand outstripping … C...
by Diverging Markets on Mar 20, 2013

InfoGraph of the Day: Chinese Companies and Risk in Africa

This is really impressive and makes me really rethink my previous notions of a political risk framework, particularly in the context of Africa. No more preface necessary: Sourced from Africa-Asia Confidential. Related PostsMap Of The Day: Emerging an...
by Diverging Markets on Mar 14, 2013

TRANSCRIPT: Nomad Capitalist Report Radio Show Interview

I was interviewed for the weekly Nomad Capitalist radio show over the weekend, hosted by Andrew Henderson. On the agenda: the Africa-China relationship, putting the hot-or-not test to Frontier Markets and the nuances of investing in Mexico. Here̵...
by Diverging Markets on Feb 26, 2013


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